Menu
Property bought
Hi
Is it mandatory to file details of bought property in IT Returns. What if someone fails to do so? Can it be rectified later.
Thanks & Regards
Replies (3)
it may be rectified
Disclosure for transaction of immovable property exceeding 30 lacs in a fin year is covered under AIR information of ITRs.
You can revise your return of Income provided it is filed within due date as prescribed u/s. 139
Regards
Thanks for the replies :). If I have understood correctly then only notification of property transactions above 30 Lacs are mandatory. If not then how can one rectify now property bought in 1995 worth Rs 1 Lac.
Regards
Recent Threads
- How to complete form10E Table details for the year
- How to submit ITR for old F&O losses
- Can an Software Engineer be termed as a workman an
- PF withdrawal in IT
- Resolution of Potential Double Taxation on NSC Int
- LTCG reporting in ITR2
- Pls advice to sell and we can make invoice to susp
- Most reliable solution to export offline OST to PS
- Sale of Mutual fund by NRI
- Why Should Businesses Prioritize SEO?
Related Threads
CAclubindia
